705 Neelys Bend Rd

Madison, TN 37115

$399,000
Price
4
Beds
2
Baths
1,612 Sq. Ft.
$248 / Sq. Ft.
1,612
Sq. Ft.
$248
per Sq. Ft.
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Description

Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation...Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation as Madison continues to see steady redevelopment and investment activity. Conveniently positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you’re looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.
  1. Listed by Tyler C. King • Synergy Realty Network, LLC
    P: (615)-364-0977 C: (615)-364-0977 Tyler@89kdc.com

Property Details for 705 Neelys Bend Road

Subdivision Name
Rainbow Terrace
Waterfront
No
LISTING UPDATED: 06/08/2026 10:23 AM

Property Details for 705 Neelys Bend Road

StatusActive
MLS #3232179
Days on Market4
Taxes$3,497 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1982
Lot Size-
CountyDavidson County
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Location

Listing Courtesy of Synergy Realty Network, LLC, Tyler C. King (615.364.0977)
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Building Information for 705 Neelys Bend Road

Stories2Residences2Year Built1982Building Size-Lot Size-

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OriginPoint Mortgage or Rocket Mortgage1

$2,280 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,988

Property Taxes

$291

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 705 Neelys Bend Road

Summary
Location and General Information
  • Directions: From downtown Nashville: Take I-65 N to Briley Parkway East/TN-155 E. Continue to Gallatin Pike/Madison exit and turn left onto Gallatin Pike. Continue north, then turn right onto Neelys Bend Rd. Property will be on the right at 705-707 Neelys
  • Elementary School: Stratton Elementary
  • High School: Hunters Lane Comp High School
  • Levels: Two
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Madison Middle
  • Mlg Can View: Yes
  • Zoning: Rs10
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Laminate
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 05202019200
  • Structure Type: Duplex
Property and Assessments
  • Construction Materials: Brick, Vinyl Siding
  • Documents Count: 1
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Senior Community: No
  • Stories: 2
  • Year Built Details: Existing
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Heating: Baseboard
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Attached Garage: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Unit 1
  • Unit Type Actual Rent: $1,125.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Type Actual Rent: $1,125.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Rental Information
Rental Information
  • Rent Includes: Other
  • Tenant Pays: Electricity, Water
  • Total Actual Rent: $2,250

Property History for 705 Neelys Bend Road

DateEvent & SourcePriceAppreciation
Jun 8, 2026

Listed (Active)

REALTRACS #3232179

$399,000—
Apr 9, 2014

Closed (Public Record)

Public Record #413708622

$65,000

+4.3% / yr

Apr 29, 2010

Closed (Public Record)

Public Record #291193732

$55,000—
DateEvent & SourcePrice
06/08/2026

Listed (Active)

REALTRACS #3232179

$399,000
04/09/2014

Closed (Public Record)

Public Record #413708622

$65,000

+4.3% / yr

04/29/2010

Closed (Public Record)

Public Record #291193732

$55,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 705 Neelys Bend Road

Taxable ValueLand$41,400Additions$82,880Total$124,280
Tax Record2025$3,497 ($291 / month)
Home Facts
Baths2Total Finished SqFt1,612 SqFtAbove Grade Finished SqFt1,612 SqFtStories2Lot Size10,019 SqFtStyleDuplexYear Built1982ZoningRS10CountyDAVIDSONAPN052-02-0-192-00Fireplace TypeHas Fireplace

Schools near 705 Neelys Bend Road

This home is within Davidson County.
Rating
School
Type
Grades
Distance
Stratton Elementary School
Public - PK to 5
Madison Middle Prep
Public - 6 to 8
Hunters Lane Comp High School
Public - 9 to 12
Smithson Craighead Academy
Charter - K to 5
Rating
School
Distance
Stratton Elementary School
PublicPK to 5

Madison Middle Prep
Public6 to 8

Hunters Lane Comp High School
Public9 to 12

Smithson Craighead Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 705 Neelys Bend Road, Madison, TN 37115

705 Neelys Bend Road is a multi-family home for sale in Madison, TN 37115. This property was listed for sale on June 8, 2026 by Synergy Realty Network, LLC, it's currently listed at $399,000. It has been on the market for a total of 4 days and was last sold on April 9, 2014. This listing's school district is Davidson County. Nearby schools include Stratton Elementary School, Madison Middle Prep and Hunters Lane Comp High School. 705 Neelys Bend Road is a 4-bed, 2-bath, 1,612 sqft multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Synergy Realty Network, LLC, Tyler C. King (615.364.0977)

Based on information submitted to the MLS GRID as of 06/08/2026 10:23 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.